Stratoni
| Summary | |||||||||||||||||
DESCRIPTION The Stratoni project is located in the Chalkidiki Peninsula, northern Greece. The replacement mixed sulphide deposit is accessed by means of an underground drill and fill operation. The project is 100% owned by Hellas Gold (95% Eldorado Gold, 5% Aktor). The properties comprise a group of granted mining licenses, covering 317km2, approximately 100 kilometres east of Thessaloniki, Greece's second largest city. The area is located at approximately Latitude 40° 36' and Longitude 23° 50'. The Stratoni project itself is located within mining concessions numbered F12, F15, F16, F17 and OP25 which collectively have an area of 38km2. All mineralization and mine infrastructure relevant to the Stratoni operation lie within the boundaries of these concessions. The boundaries have been established through total station survey with reference to accepted reference points on the ground, established by the Greek state. The concessions were granted in April 2004 by the Greek state and are valid until 6 March 2026. They can be renewed twice for durations of 25 years each. No expenditure is required to keep the permits. The property was acquired from the Greek state in 2004 by Hellas Gold. In addition to the concessions, the Company also owns the land containing the entire surface infrastructure associated with the mine. | |||||||||||||||||
